Southern Asia: Asbestos Market 2025

Asbestos Market Size in Southern Asia

The South Asian asbestos market surged to $X in 2022, rising by 22% against the previous year. In general, consumption continues to indicate a pronounced setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Asbestos Production in Southern Asia

In value terms, asbestos production amounted to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Asbestos Exports

Exports in Southern Asia

In 2022, the amount of asbestoses exported in Southern Asia expanded sharply to X tons, surging by 5.1% against 2021 figures. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 389% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, asbestos exports surged to $X in 2022. In general, exports recorded buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 285%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

India prevails in exports structure, reaching X tons, which was near 98% of total exports in 2022. Sri Lanka (X tons) took a relatively small share of total exports.

India was also the fastest-growing in terms of the asbestoses exports, with a CAGR of +27.5% from 2012 to 2022. Sri Lanka (-18.4%) illustrated a downward trend over the same period. While the share of India (+76 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (-30.4 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest asbestos supplier in Southern Asia, comprising 93% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 7.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +56.0%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, jumping by 40% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the export price increased by 102% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.3%).

Asbestos Imports

Imports in Southern Asia

In 2022, asbestos imports in Southern Asia dropped slightly to X tons, which is down by -2.3% on 2021 figures. In general, imports recorded a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 29%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, asbestos imports soared to $X in 2022. Over the period under review, imports continue to indicate a pronounced curtailment. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India dominates imports structure, amounting to X tons, which was near 87% of total imports in 2022. It was distantly followed by Sri Lanka (X tons) and Bangladesh (X tons), together comprising a 12% share of total imports.

Imports into India decreased at an average annual rate of -1.0% from 2012 to 2022. At the same time, Bangladesh (+25.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +25.3% from 2012-2022. By contrast, Sri Lanka (-5.2%) illustrated a downward trend over the same period. While the share of Bangladesh (+5.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-3.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported asbestoses in Southern Asia, comprising 92% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 4.6% share of total imports.

In India, asbestos imports plunged by an average annual rate of -2.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (-10.9% per year) and Bangladesh (+12.7% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by 33% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :